Automotive Electronics Market, by Component (Relay, Microcontroller, Sensors, ECU, and Others), by Sales Channel (OEM and After Market), by Vehicle Type (Passenger Vehicle, Low Commercial Vehicle, and High Commercial Vehicle), by Application (ADAS, Infota

Automotive Electronics Market, by Component (Relay, Microcontroller, Sensors, ECU, and Others), by Sales Channel (OEM and After Market), by Vehicle Type (Passenger Vehicle, Low Commercial Vehicle, and High Commercial Vehicle), by Application (ADAS, Infotainment System, Safety and Alerting System, Lightning and Powertrain System, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Automotive electronics components are being installed in on-road and off-road vehicles such as passenger cars, commercial vehicles, tractors, and forklifts. Automotive electronic components are primarily used for the proper functioning of the electronic fuel injection system, anti-lock braking system (ABS), infotainment system, and automotive dashboard. In addition, automotive electronics components are also used in satellite-controlled devices that can be used for navigation and traffic surveillance, and in automotive vehicle diagnostic tool that is used to ensure maximum fuel utilization and maintain the health of automotive engine.
Market Dynamics
Rising adoption of the internet of things (IoT), artificial intelligence (AI) in automotive vehicles, increasing sales of automotive vehicles, rise in demand for the safety features in-vehicle, and infotainment system, is further expected to propel the demand for automotive electronics over the forecast period. For instance, according to Coherent Market Insights analysis, in the year 2019, approximately 1.4 million vehicles of at least level III autonomy were get sold globally, and it is estimated that by the year 2030, more than 57 million vehicles of level III autonomy will get sold globally.
However, the high initial cost of vehicle components such as infotainment systems and headlights, is expected to restrain the growth of the global automotive electronics market over the forecast period. In addition, low adoption of automotive electronics in several developing economies such as South Africa is further expected to hamper the growth of automotive electronics components.
Market Taxonomy
This report segments the global automotive electronics market on the basis of component, sales channel, vehicle type, application, and region. On the basis of component, global automotive electronics market is segmented into relay, microcontroller, sensors, ECU, and others. On the basis of sales channel, the global automotive electronics market is segmented into OEM and aftermarket. On the basis of vehicle type, the global automotive electronics market is segmented into passenger vehicle, low commercial vehicle, and high commercial vehicle. On the basis of application, global automotive electronics market is segmented into ADAS, infotainment system, safety and alerting system, lightning and powertrain system, and others. On the basis of region, global automotive electronics market is segmented into North America, Latin America, Europe, Asia pacific, Middle East, and Africa.
Key features of the study:
This report provides an in-depth analysis of the global automotive electronics market, provides market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global automotive electronics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Major companies operating in the global automotive electronics market include: Aptiv PLC, BASF SE, Broadline Components, LLC, Continental AG, Denso Corporation, Hitachi Ltd., Infineon Technologies AG, Jabil Inc, Magna International Inc, NVIDIA Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments, and ZF Friedrichshafen AG
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global automotive electronics market analysis report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive electronics market

Detailed Segmentation:
Global Automotive Electronics Market, By Component:
Relay
Microcontroller
Sensors
ECU
Others
Global Automotive Electronics Market, By Sales Channel:
OEM
After Market
Global Automotive Electronics Market, By Vehicle Type:
Passenger Vehicle
Low Commercial Vehicle
High Commercial Vehicle
Global Automotive Electronics Market, By Application:
ADAS
Infotainment System
Safety and Alerting System
Lightning and Powertrain System
Others
Global Automotive Electronics Market, By Region:
North America
Europe
Latin America
Asia Pacific
Middle East and Africa
Company Profiles
Aptiv PLC**
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Key highlights
BASF SE
Broadline Components, LLC
Continental AG
Denso Corporation
Hitachi Ltd.
Infineon Technologies AG
Jabil Inc.
Magna International Inc.
NVIDIA Corporation
NXP Semiconductors N.V.
Robert Bosch GmbH
STMicroelectronics N.V.
Texas Instruments
ZF Friedrichshafen AG
**All the pointers will also be provided for the rest of the companies.
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